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Global Banks to Trial Digital Transactions on SWIFT in 2025

  • SWIFT will start trials for digital transactions in 2025 with banks in Europe, Asia, and North America.
  • The integration of cryptocurrencies into SWIFT enables use cases in payments, forex, securities, and trade.
  • The specific digital assets involved in the trial have not been disclosed, leading to speculation about CBDCs and tokenized assets.
  • SWIFT previously partnered with Chainlink for experiments with cross-chain interoperability protocols with major financial institutions.

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